Saturday December 7, 2019

Barchester adds Brighterkind nursing homes to portfolio in £160m deal

Irish-owned care home provider buys 24 properties from Terra Firma

24th November, 2019
Barchester employs around 17,000 staff across a portfolio of nursing homes

Barchester Healthcare, the care home giant owned by Irish billionaires Dermot Desmond, JP McManus and John Magnier, is set to acquire a group of 24 nursing homes in Britain, it has confirmed.

A deal has been agreed at £160 million to buy the homes, branded under the name Brighterkind, from private equity magnate Guy Hand’s Terra Firma Capital Partners.

Barchester’s existing portfolio consists of 200 facilities with 11,000 residential clients. The deal will add...

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